"Renminbi appreciation would neither balance Sino-US trade nor solve the unemployment problem in the US," Xinhua quoted him as saying.
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In current circumstances, there are considerable risks that a course of renminbi appreciation would drive big inflows in the expectation of further appreciation, and fuel an inflationary bubble.
在目前情况下,人民币升值存在巨大的风险。
If savings is the problem, and it is, what good would a renminbi appreciation do?
如果储蓄是问题所在(事实的确如此),那么人民币升值会带来什么好处呢?
Obvious remedies would be higher interest rates and faster appreciation of the renminbi.
显而易见的补救措施是提高利率和让人民币更快升值。
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